The real estate market in the Triangle area continues to show movement as we head deeper into December. Here’s a breakdown of this week’s activity compared to last week, giving us a glimpse into trends shaping the market.
Key Weekly Changes
- New Listings: 951 (↑ 50.7% from 631 last week)
- Back on Market: 131 (↑ 44% from 91)
- Pending Sales: 727 (↑ 18.2% from 615)
- Price Changes: 1,122 (↑ 49.9% from 749)
- Homes Sold: 769 (↑ 18.1% from 651)
- Expired Listings: 152 (↓ 63% from 411)
- Active Listings: 8,203 (↑ 2.6% from 7,996)
Observations
This week saw a surge in new listings and price adjustments, pointing to heightened activity as buyers and sellers make strategic moves before year-end. Homes sold and pending sales also saw steady increases, while the drop in expired listings suggests properties are moving more efficiently.
Conclusion
The Triangle’s real estate market remains dynamic as we close out 2024. Whether you’re buying, selling, or simply keeping an eye on the market, staying informed is key. For expert guidance, reach out to Brazoban Realty to help navigate the evolving market trends. Our experienced agents can help you achieve your real estate goals.
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Source: doorify MLS
